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Canaccord Genuity Group net income $29.1 million

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Canaccord Genuity GroupDuring the quarter ended March 31, 2014, Canaccord Genuity Group Inc. generated $253.7 million in revenue for the fourth quater.


Excluding significant items (a non-IFRS measure), the company recorded net income of $29.1 million or net income of $25.7 million attributable to common shareholders ($0.25 per diluted common share).

Including all expense items, on an IFRS basis, the Company recorded net income of $25.9 million or net income attributable to common shareholders of $22.8 million ($0.22 per diluted common share). All dollar amounts are stated in Canadian dollars unless otherwise indicated.

During the fiscal year ended March 31, 2014, Canaccord generated a record $855.2 million of revenue and, excluding significant items, recorded net income of $68.8 million or net income attributable to common shareholders of $55.4 million ($0.54 per diluted common share).

Including all expense items, on an IFRS basis, the company recorded net income of $52.1 million or net income of $39.7 million attributable to common shareholders ($0.39 per diluted common share).

"Our strong results during fiscal 2014 were driven by exceptional performance from our US and UK operations, with significant and growing contributions from the Asia-Pacific region," said Paul Reynolds, President and CEO of Canaccord Genuity Group Inc.

"In addition, we are seeing a welcome pickup in volumes and transaction activity in the Canadian market. In fiscal 2015 we will look to grow our global business and continue to deliver enhanced and consistent client experiences in all our geographies."

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